What is tax exemption classification in SAP AP-TTE - CRM Transaction Tax Engine?

SAP Term: tax exemption classification

• Component: AP-TTE

• Component Name: CRM Transaction Tax Engine

• Description: An indicator that specifies how the tax exemption is applied. &EXAMPLE& Base amount reduction Alternative rate reduction

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• Key Concepts: 
  Tax exemption classification is a feature of the SAP AP-TTE CRM Transaction Tax Engine. It allows users to classify customers and transactions as exempt from taxes, based on certain criteria. This helps to ensure that the correct taxes are applied to each transaction.
  
  How to use it: 
  In order to use the tax exemption classification feature, users must first set up the criteria for exemption. This includes setting up tax codes, tax rates, and other parameters. Once these criteria have been set up, users can then classify customers and transactions as exempt from taxes. This can be done manually or automatically, depending on the user's preference.
  
  Tips & Tricks: 
  It is important to ensure that all criteria for exemption are set up correctly in order for the tax exemption classification feature to work properly. Additionally, it is important to regularly review and update the criteria in order to ensure that they remain accurate and up-to-date.
  
  Related Information: 
  For more information about the SAP AP-TTE CRM Transaction Tax Engine and its features, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for using this software.